The dollar is in the fourth daily cycle for the current intermediate cycle. The dollar broke below the previous daily cycle low on Friday, which signals the intermediate cycle decline.
Friday was day 15 for the dollar’s daily cycle. The dollar is three days shy for its timing band for a low that can stretch out to day 25.
Stocks printed their daily cycle low on Wednesday, 2/05. Since then stocks have gained an impressive 5.9% in 7 trading days.
I believe that an intermediate cycle low has been left behind. Which makes this the first daily cycle of the new intermediate cycle. Therefore the expectation is to see the daily cycle develop in a right translated manner peaking after day 20.
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